New Penn Financial, a large successful independent mortgage lender, based in the Philadelphia area, announced a joint venture with a Massachusetts Realtor. New Penn will join forces with Jack Conway, Realtor, to create Conway Financial Services. Conway Financial will operate as a traditional independent mortgage banker, created to provide mortgage financing to Conway’s home buyers and to those seeking to…
Here’s a great opportunity to help someone; while helping yourself. With all of the military actions over the past several years, there are now millions of veterans who are in need of home financing. Many of these vets are blocked from traditional conventional loan programs due to some credit dings resulting from their time in service, and the upfront costs…
With the CFPB cracking down on Marketing Services Agreements (MSAs) many lenders exited such agreements with Realtors and Builders. These are Agreements that were intended to increase business to the lender and provide some additional income to the Realtor and Builder. For some, it was nice while it lasted. For others, they were glad to see the MSAs go away.…
The market shows signs of improving And owners are thinking of moving The mortgage rates are still pretty low Let’s make dough, let’s make dough, let’s make dough Though the rates may be increasing, And refis are now decreasing The economy’s ready to grow, Let’s make dough, let’s make dough, let’s make dough …
Today lenders are required to perform both pre and post close loan reviews for Fannie, Freddie, and FHA loans. Many banks do those reviews as well for loans held in portfolio. It’s not a bad idea. With the rising costs of quality and compliance, are you sure you are getting the best return on your QC investments? For years lenders…
This time to the tune of over $92 million in damages! As the result of a joint action brought by the US Attorney for the Southern District of NY, the US Attorney for the Southern District of Texas, Julian Castro, as HUD Secretary, and HUD’s Inspector General, Allied Home Mortgage Capital Corp., and Allied Home Mortgage Corp. (collectively “Allied”), plus…
